ICC publishes new update on price checking of goods and services in trade transactions
The International Chamber of Commerce (ICC) has published a new paper providing an updated discussion on the challenges associated with the implementation of controls relating to price misrepresentation risk in trade finance transactions; the prevalent financial industry-wide approach to price checking, and the feasibility of…
GFI urges FACTI to focus on trade transactions
Global Financial Integrity is urging the recently established High-Level Panel on International Financial Accountability, Transparency and Integrity (Groupe de haut niveau sur la responsabilité, la transparence et l’Intégrité financières internationals – FACTI) to focus on the need for greater integrity in global trade transactions.
